World: Low volumes in the international market allowed the recovery of export values of fresh asparagus

Published Sep 3, 2023

Tridge summary

The international fresh asparagus market is facing difficulties due to shortages in stocks caused by natural disasters and atypical temperatures. This has led to a significant increase in prices in markets such as northern Europe and Asia. However, in Peru, despite a 19% drop in volume, the increase in price has helped improve the outlook for future planting and profitability of fresh asparagus.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The international fresh asparagus market is going through difficult times. The main world producers, including Peru, are suffering from shortages in the volumes of their stocks. This is due to various reasons, but among the most relevant are natural disasters and atypical temperatures that are recorded in most regions of the planet. In addition, the low returns of past seasons have caused cultivation decisions to be diminished, especially where fertile land is becoming scarcer. This complicated situation has also caused prices for fresh asparagus to skyrocket in international markets. Increases of up to 40% are reported in markets such as northern Europe and Asia. This generalized situation seems to have compensated for the poor situation of the volumes exported by Peru, which has been seen since 2018. With this, until the end of July, a total export of fresh asparagus close to 44,481 tons was registered for an approximate value of $162 million. This meant a 19% drop in volume, ...

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